Streetbeat News

SPCE

Virgin Galactic Holdings, Inc.

https://www.virgingalactic.com

Industry

Aerospace & Defense

Virgin Galactic Holdings, Inc. focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The company serves private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. was founded in 2017 is headquartered in Las Cruces, New Mexico. Virgin Galactic Holdings, Inc. was a former subsidiary of Virgin Orbit Holdings, Inc.

Open

6.60

Mkt cap

195M

Volume

1.3M

High

6.95

P/E Ratio

-0.42

52-wk high

54.60

Low

6.59

Div yield

N/A

52-wk low

5.26

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are trading higher due to a rally in heavily-shorted stocks, sparked by the return of Roaring Kitty to social media. The stock has seen heavy trading volume and remains down by more than 65% over the past year despite today's rally. Analysts have mixed ratings on SPCE, with an average 12-month price target of $1.73, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

May 14, 2024 | 3:01 pm

In Tuesday's pre-market session, notable movements were observed in the industrials stocks sector. SunPower and Plug Power led the gainers with significant increases in their share prices, attributed to recent earnings reports. Conversely, Shimmick and Professional Diversity were among the top losers, experiencing notable declines.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 12:06 pm

Virgin Galactic shares are experiencing an uptick as stocks with high short interest see gains, driven by the return of notable trader 'Roaring Kitty' to social media.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:15 am

TD Cowen analyst Oliver Chen has maintained a Buy rating on Virgin Galactic Holdings (NYSE:SPCE) but has lowered the price target from $2.5 to $2.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:14 pm

Goldman Sachs analyst Noah Poponak maintains a Neutral rating on Virgin Galactic Holdings (SPCE) and lowers the price target from $4 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:59 pm

Virgin Galactic Holdings (NYSE:SPCE) has been the subject of 4 analyst ratings in the last three months, showing a shift towards a more bearish outlook with 2 indifferent and 2 somewhat bearish ratings. The average 12-month price target has been lowered to $1.21 from $1.94, indicating a 37.63% decline in expectations. Analysts from Wells Fargo, Susquehanna, and Truist Securities have adjusted their price targets and ratings, reflecting concerns over the company's market performance and financial health.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 8:00 pm

Wells Fargo analyst Matthew Akers has maintained an Underweight rating on Virgin Galactic Holdings (NYSE:SPCE) and lowered the price target from $1 to $0.75.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:05 pm

Susquehanna analyst Charles Minervino has maintained a Neutral rating on Virgin Galactic Holdings (SPCE) and lowered the price target from $2 to $1.1.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:44 pm

Virgin Galactic Holdings, Inc. (NASDAQ:SPCE) reported Q1 financial results with losses of 25 cents per share, beating analyst estimates of 29 cents losses. Quarterly sales were $2 million, surpassing estimates of $1.92 million and marking a 410.2% increase from the previous year. The company's Arizona spaceship assembly facility is on track for a summer 2024 opening, with Delta Class spaceship production scheduled for 2026. CEO Michael Colglazier highlighted the progress towards the 'Galactic 07' mission and the Delta Class program. Q2 revenue is expected to be around $3.5 million, with free cash flow between negative $110 million to negative $120 million. After-hours, SPCE shares dropped 4.85% to 96 cents.

Portfolio Pulse from Erica Kollmann

May 07, 2024 | 9:31 pm

Virgin Galactic Holdings (NYSE:SPCE) reported Q1 2024 adjusted EPS of $(0.25), surpassing the $(0.29) estimate, with sales of $2.00M exceeding the $1.92M forecast. This represents a 410.20% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:14 pm

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